Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Okta Inc (NASDAQ: OKTA) closed at $89.58 in the last session, up 0.27% from day before closing price of $89.34. In other words, the price has increased by $0.27 from its previous closing price. On the day, 1.23 million shares were traded.
Ratios:
We take a closer look at OKTA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.44. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on January 17, 2025, Reiterated its Neutral rating but revised its target price to $100 from $95 previously.
On December 19, 2024, KeyBanc Capital Markets Upgraded its rating to Overweight which previously was Sector Weight but kept the price unchanged to $115.
JP Morgan Upgraded its Neutral to Overweight on December 16, 2024, while the target price for the stock was maintained at $100.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 13 ’25 when Schwartz Larissa sold 9,507 shares for $100.00 per share. The transaction valued at 950,701 led to the insider holds 38,629 shares of the business.
Kerrest Jacques Frederic sold 65,000 shares of OKTA for $6,532,500 on Feb 13 ’25. The Director now owns 0 shares after completing the transaction at $100.50 per share. On Feb 13 ’25, another insider, Kerrest Jacques Frederic, who serves as the Director of the company, sold 9,999 shares for $100.50 each. As a result, the insider received 1,004,900 and left with 0 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 6.06 while its Price-to-Book (P/B) ratio in mrq is 2.45.
Stock Price History:
Over the past 52 weeks, OKTA has reached a high of $114.50, while it has fallen to a 52-week low of $70.56. The 50-Day Moving Average of the stock is 0.95%, while the 200-Day Moving Average is calculated to be 4.34%.
Shares Statistics:
A total of 163.60M shares are outstanding, with a floating share count of 162.13M. Insiders hold about 5.38% of the company’s shares, while institutions hold 82.25% stake in the company.
